Life Serve Youth Foundation
- Assets
- $81.3k
- Revenue
- $120.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Chatham, NY
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-1157856
Organization Overview
Life Serve Youth Foundation is located in Chatham, NY. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Serve Youth Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Life Serve Youth Foundation generated $120.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $78.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND GROW A NON-PROFIT YOUTH-FOCUSED ORGANIZATION THAT A) CULTIVATES EDUCATIONAL DEVELOPMENT, LIFE SKILLS, POSITIVE HEALTH BEHAVIORS, PHYSICAL ACTIVITY, AND ENVIRONMENTAL CONSCIOUSNESS AND SUSTAINABILITY USING A RESIDENTIAL TENNIS PROGRAM AS THE CATALYST; B) TO UTILIZE THE DISCIPLINE OF TENNIS TO TRANSFORM THE LIVES OF FINANCIALLY CHALLENGED YOUTH, AGES 12-17 FROM UNDERSERVED COMMUNITIES ACROSS THE GREATER NEW YORK CITY AREA, TO ENABLE THEM TO GAIN GREATER SELF-CONFIDENCE, ACHIEVE HIGHER ACADEMIC PERFORMANCE, AND ATTAIN GREATER PERSONAL/SOCIAL RESPONSIBILITY SO THEY BECOME BETTER LEADERS IN THEIR HOME COMMUNITIES, AT WORK AND IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT YOUTHS FROM UNDERSERVED COMMUNITIES, BY BEING EXPOSED AND MENTORED TO IN POSITIVE AND FRUITFUL WAYS, THROUGH THE SPORT OF TENNIS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Slone Ceo, Preside | OfficerTrustee | 10 | $0 |
Sterly Wilder Director | Trustee | $0 | |
Tricia Mckitty Director, VP | Trustee | $0 | |
Jason Chapman Director, VP | Trustee | $0 | |
Lynne Bermont Director | Trustee | $0 | |
Frank Williams Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,006 |
| Noncash contributions included in lines 1a–1f | $42,117 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,006 |
| Total Program Service Revenue | $0 |
| Investment income | $32,387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,393 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $89 |
| Office expenses | $33 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,212 |
| All other expenses | $811 |
| Total functional expenses | $78,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,010 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $32,266 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $81,276 |
| Accounts payable and accrued expenses | $4,385 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,385 |
| Net assets without donor restrictions | $76,891 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $81,276 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Life Serve Youth Foundation has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Kyle Todd Public Service Foundation Inc Washington, DC PURPOSE: CHARITABLE | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |
Urban Dove Inc Long Island City, NY | $5,170,319 | $5,441,041 |
Horizons National Student Enrichment Program Inc Westport, CT | $6,013,839 | $4,724,137 |
Zichron Chaim Inc Monsey, NY | $8,440,547 | $4,476,093 |
Youthbuild Newark Newark, NJ | $8,371,396 | $7,058,437 |